Dillard’s Inc. (DDS) Trading 2.9% Higher
Dillard’s Inc. (NYSE:DDS) shares traded up 2.9% during trading on Monday . The stock traded as high as $65.30 and last traded at $65.11, with a volume of 206,076 shares. The stock had previously closed at $63.27.
Several research analysts have recently commented on the company. Bank of America Corp. reiterated a “sell” rating on shares of Dillard’s in a report on Saturday, May 14th. Zacks Investment Research upgraded Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Wednesday, July 13th. Deutsche Bank AG reiterated a “sell” rating and set a $65.00 price target (down previously from $70.00) on shares of Dillard’s in a report on Tuesday, May 10th. Finally, Telsey Advisory Group reduced their price target on Dillard’s from $77.00 to $62.00 and set a “market perform” rating on the stock in a report on Friday, May 13th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.16.
The company has a market cap of $2.28 billion and a PE ratio of 10.48. The stock’s 50 day moving average is $60.75 and its 200 day moving average is $69.21.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 12th. The company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by $0.35. The business earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Dillard’s’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 EPS. Equities research analysts predict that Dillard’s Inc. will post $5.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Thursday, June 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.42%.
Several hedge funds recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Dillard’s by 19.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,293 shares of the company’s stock worth $1,137,000 after buying an additional 2,795 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Dillard’s by 6.9% in the fourth quarter. Rhumbline Advisers now owns 20,206 shares of the company’s stock worth $1,328,000 after buying an additional 1,296 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Dillard’s by 5.6% in the fourth quarter. Sei Investments Co. now owns 27,938 shares of the company’s stock worth $1,836,000 after buying an additional 1,494 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of Dillard’s by 257.9% in the fourth quarter. Trexquant Investment LP now owns 39,016 shares of the company’s stock worth $2,564,000 after buying an additional 28,116 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Dillard’s by 8.5% in the fourth quarter. California Public Employees Retirement System now owns 83,800 shares of the company’s stock worth $5,506,000 after buying an additional 6,600 shares in the last quarter.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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